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The traditional linear economy—based on "take, make, dispose"—is rapidly giving way to the circular economy, where resources are reused, recycled, and regenerated. This shift is being driven by the need for more sustainable business models to reduce waste and conserve natural resources. Circular economies focus on extending the lifecycle of products, designing out waste, and creating closed-loop systems where products are reused rather than discarded. Countries like the Netherlands and Finland are leading this transition, with businesses developing innovations like modular designs, where products can be easily repaired or upgraded instead of being replaced. The circular economy also provides economic benefits, reducing the costs associated with raw material extraction and waste management while creating new industries around recycling and refurbishing. As the world faces increasing resource scarcity and environmental challenges, the circular economy offers a sustainable alternative for the future.